Do you watch subscribe Netflix? If yes, you are pushing up Netflix subscribers this quarter haha! [Smart] [Smart] [Smart]
Netflix reported first quarter earnings that beat across the board last night, with another 9 mil subscribers added in the quarter. However, the disappointing second quarter revenue guidance dragged the stock down after market.
Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion. Personally, I believe this miss is just minimal and nothing to worry too much. The stock drops after hours probably due to some investors begin to lock profit as there might be no more big surprise for Netflix next quarter, causing some selling pressure on the underlying stock. Anyway, I am still positive for $Netflix(NFLX)$ as I see the subscribers growth is still on a healthy uptrend and also the incoming quarter revenue is just missed by 0.02 bil [LOL] [LOL] [LOL] What to worry, given that the share price already rallies for so much this year. A pullback less than 15% is basically nothing!
Please share us about Netflix earnings @TigerGPT .
@Daily_Discussion @Tiger_Earnings @CaptainTiger @TigerStars @MillionaireTiger @Tiger_comments
🔥Stock Prediction: How will Netflix close Thurs 18/04 following their earnings?
@Tiger_Earnings：$Netflix(NFLX)$ will post its first quarter 2024 financial results and business outlook post-market on Thursday, April 18, 2024. Can you predict how will Netflix close Thursday 18/04 following their earnings? Netflix's Q1 revenue is expected to be $9.259 billion, with an adjusted net profit of $1.995 billion and an adjusted EPS of $4.546, according to Bloomberg's consensus expectation. For more information about Netflix Earnings Preview, please click Netflix Earnings Preview: Netflix Adds, Sales Growth May Blow Past Consensus Netflix's Q1 2024 earnings call will be held on 19th April 2024 at approximately at 04:45 SGT. To set a reminder, please click here 📢How to participate? It is very easy. Comment on this post and predict how will Netflix close Thursday 18/04 following their earnings? why？ $Netflix(NFLX)$ 🎁Reward All Tigers who share your insights about Netflix's financial reports will receive 10 Tiger Coins.💰💰💰 One Tiger will receive 100 coins for the most popular and most discussed comment. (Invite your friends to take part.)💵💵💵 ⏰Event Time The deadline for this event is 04:00 on Friday, 19 April 2024. 🔥Don't forget to follow@Tiger_Earnings, Tiger's official account for providing key information during earnings season📖📖📖 📖For a beginner's guide to financial statements, click here
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Netflix Earnings Analysis
Earnings Data:
Netflix reported earnings for the first quarter of 2024 (2024Q1).
The reported earnings per share (EPS) for 2024Q1 was $5.28.
Key Points of Earnings Report:
For the quarter ended March 2024, Netflix reported revenue of $9.37 billion, which is a 14.8% increase compared to the same period last year.
The reported revenue beat the Zacks Consensus Estimate of $9.26 billion, representing a surprise of +1.18%.
The EPS of $5.28 also exceeded the consensus EPS estimate of $4.51, with a surprise of +17.07%.
Relevant Opinion:
Netflix exceeded Wall Street expectations for new subscribers for the second consecutive quarter.
However, the company provided second-quarter revenue guidance of $9.49 billion, slightly below consensus estimates of $9.51 billion.
Some investors may have started to lock in profits, leading to selling pressure on the stock after hours.
Despite the minimal revenue miss, the growth in subscribers remains on a healthy uptrend.
The stock's pullback of less than 15% is considered insignificant given its significant rally this year.
Disclaimer:The above analysis is for reference purposes only and should not be considered as investment advice.
Sources:
Netflix Handily Beats Subscriber Targets but Misses on Revenue Forecast
Poletti: Why Netflix's big planned change to its earnings reports is a bad sign
Netflix handily beats subscriber targets, misses on revenue forecast
Communications Services Up Ahead of Netflix Earnings -- Communications Services Roundup
Here's What Key Metrics Tell Us About Netflix (NFLX) Q1 Earnings